Breaking news
Breaking news MicroStrategy Buys a Additional 2,138 BTC, Adding to Stash for 8th Consecutive Week
Breaking news The purchase takes MicroStrategy’s total bitcoin holdings to 446,400 BTC.
Dec 30, 2024, 1:07 p.m. UTC
Disclaimer: The analyst who wrote this portion owns shares of MicroStrategy (MSTR)
MicroStrategy, the self-described bitcoin (BTC) pattern company, increased its holdings of the largest cryptocurrency for the eighth consecutive week.
The company, which already holds extra bitcoin than any different publicly traded company, bought another 2,138 BTC for $209 million in the week ended Dec. 29, bringing its total holdings to 446,400 BTC.
Once again, Executive Chairman Michael Saylor teased the announcement on Sunday in a post on X. The average purchase tag of bitcoin was $$97,837, which raised the average purchase tag to $62,428.
The purchase was funded via share sales below the company’s at-the-market (ATM) program, for which they have $6.88 billion left on the ATM program.
MicroStrategy joined the Nasdaq 100 last week and at the moment ranks 57 with an index weighting of 0.38%.
The share tag is at the moment 40% beneath the document high it hit Nov. 21. It’s down 3% in pre-market trading, taking it to around $320 per share.
James Van Straten
As the senior analyst at CoinDesk, specializing in Bitcoin and the macro environment. Beforehand, working as a research analyst at Saidler & Co., a Swiss hedge fund, launched to on-chain analytics. James specializes in daily monitoring of ETFs, place of living, futures volumes, and flows to understand how Bitcoin interacts all over the financial machine. James holds extra than $1,000 price of bitcoin, MicroStrategy (MSTR) and Semler Scientific (SMLR).
